Enacted Budget – Fiscal Year 2026
On June 27, the Financial Oversight and Management Board for Puerto Rico certified the fiscal 2026 budget that was developed jointly by the Oversight Board, the governor, and the legislative assembly. The total budget for fiscal 2026 is $32.7 billion. General fund spending in the fiscal 2026 budget totals $13.1 billion. The general fund budget increases total spending by 1.5 percent from fiscal 2025 levels. The budget holds back five percent of most agency spending for eight months to prevent deficits should general fund revenue decline, federal funding decreases, or Medicaid costs increase. The budget also includes a reserve to cover the rising healthcare costs related to Medicaid.
The board commented that the budget is responsible, protects essential government services, and shields government priorities. The budget makes investments in healthcare, education, public safety, social programs, and government transformation. It includes funding to increase subsidies for medical residents, provide pay raises for nurses, increase care for older residents and adults with disabilities, provide funds for childcare vouchers, and increase services for victims of sexual abuse.